SHIFTING CAPITAL GAINS TO YOUR CHILDREN

If you’re an investor looking to save tax dollars, your kids might be able to help you out. Giving appreci- ated stock or other investments to your children can minimize the impact of capital gains taxes. For this strategy to work…

COOL DOWN WITH A DIP INTO YOUR TAX RECORDS

In many parts of the country, the dog days of summer are a good time to stay inside. If you’re looking for a practical activity while you beat the heat, consider organizing your tax records. Granted, it may not be as exhilarating…

KNOW YOUR TAX HAND WHEN IT COMES TO GAMBLING

A royal flush can be quite a rush. But the IRS casts a wide net when de ning gambling income. It includes winnings from casinos, horse races, lotteries and ra es, as well as any cash or prizes (appraised at fair market value) from contests.…

WHICH TYPE OF MORTGAGE LOAN MEETS YOUR NEEDS?

Few purchases during your lifetime will be as expensive as buying a home. Whether it’s your primary residence, a vacation home or an investment property, how you choose to pay for it can have a signi cant impact on your nancial situation…